HomeBroker ReviewsIC Markets ReviewPakistan
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
July 2026
🌍
Country
Pakistan
Live account tested
Broker Review · Pakistan 2026

IC Markets Review 2026: Complete Guide for Pakistan Traders

IC Markets is a reliable, globally recognized broker with tight spreads and fast execution, making it a strong choice for Pakistan traders despite the $200 minimum deposit. The availability of Islamic accounts, local payment methods like JazzCash and Easypaisa, and high leverage are major advantages. However, the lack of local SECP regulation and copy trading are notable drawbacks.
Regulated: ASIC
Min Deposit: $200
Score: 3.6/5
Islamic: Yes
3.6/5
★★★★★
Overall Score
Regulation
5.0
Spreads
3.7
Platforms
5.0
Deposits
4.5
Support
4.5

PROS for Pakistan Traders

  • Ultra-low spreads from 0.0 pips on Raw Spread account, ideal for scalping
  • Islamic (swap-free) accounts available for Muslim Pakistan traders
  • Supports local payment methods including JazzCash, Easypaisa, and USDT TRC20
  • High leverage up to 500:1, suitable for traders with small capital
  • Regulated by top-tier ASIC and CySEC, providing strong client protection

CONS for Pakistan Traders

  • Not regulated by SECP in Pakistan, requiring reliance on international regulation
  • Minimum deposit of $200 (approx. 55,000 PKR) is higher than some competitors like Exness ($10)
  • No copy trading or social trading features for beginners
  • No Urdu-language support or localized educational materials for Pakistan traders
📅
2007
Founded
📍
Australia
HQ
💵
$200
Min Deposit
📊
3.6/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — Pakistan
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

IC Markets Overview for Pakistan

IC Markets is a globally recognized forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. With over 15 years of experience, it has grown to serve more than 200,000 traders worldwide, including a growing number from Pakistan. The broker is known for its ultra-low spreads, fast execution speeds (average 40ms), and a wide range of trading instruments including forex, indices, commodities, and cryptocurrencies. For Pakistan traders, IC Markets offers several compelling features: high leverage up to 500:1, Islamic (swap-free) accounts for Muslim traders, and support for local payment methods like JazzCash, Easypaisa, and USDT TRC20. The broker is regulated by top-tier authorities such as ASIC (Australia) and CySEC (Cyprus), providing an added layer of trust. However, it is not regulated by the SECP in Pakistan, which means traders must rely on international regulation. IC Markets is particularly suitable for experienced Pakistan traders who seek tight spreads and professional trading conditions, though the $200 minimum deposit may be a barrier for beginners.

DetailInformation
Founded2007
HeadquartersAustralia
Regulated byASIC,CySEC,FSA,SCB
Min Deposit$200
Max Leverage5000
PlatformsMT4, MT5, cTrader
Islamic AccountAvailable
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is IC Markets Safe for Pakistan?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for Pakistan traders
Always verify IC Markets's regulation at the official regulator website before depositing.
📉

Spreads & Trading Costs 2026

Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USD0.02 pips$3.50$3.520.80 pips
GBP/USD0.23 pips$3.50$3.731.20 pips
XAU/USD0.12 pips$3.50$3.620.25 pips
S&P5000.30$3.50$3.800.50
NASDAQ0.80$3.50$4.301.50
BTC/USD$30$3.50$33.50$45
💼

Account Types for Pakistan Traders

Standard Account
No Commission
Min Deposit$200
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicAvailable
PlatformsMT4, MT5, cTrader
Raw Spread Account
Best for Scalping
Min Deposit$200
EUR/USD Spreadfrom 0.02 pips
Commission$3.50
IslamicAvailable
PlatformsMT4, MT5, cTrader
FeatureAvailable
Demo AccountYes
ECN/Raw AccountYes
Islamic (Swap-free)Yes
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)Yes
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Available
iOS · Android · PC
📈
MetaTrader 5
MT5
Available
iOS · Android · PC
🔷
cTrader
ECN platform
Available
iOS · Android · Web
📺
TradingView
Best charts
Not available
Pakistan tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — Pakistan Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
Pakistan deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
☪️

Islamic Account — Pakistan Muslim Traders

IC Markets offers Islamic (swap-free) accounts that comply with Sharia law by eliminating swap/interest charges on overnight positions. This is a significant advantage for Muslim traders in Pakistan who want to avoid riba (interest). The Islamic account can be applied to any account type (Standard, Raw Spread, or cTrader) by contacting customer support or during account registration. There are no hidden fees, but the broker may charge an administrative fee if positions are held for more than 3-5 days, which is typical industry practice. To apply, simply request the swap-free feature after opening your account. IC Markets does not require additional documentation for Islamic accounts, making the process straightforward. We recommend Pakistan traders confirm that the account is genuinely swap-free by checking the trading conditions in the platform. Overall, the Islamic account is a valuable offering for Pakistan's Muslim-majority population.

FeatureDetails
Islamic Account AvailableYes
Swap FeesNo swap fees
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually same business day
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
📊

Instruments & Markets in Pakistan

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll available0.02 pips
Gold (XAU/USD)Spot GoldAvailable0.12 pips
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.30
Crypto CFDsBTC, ETH, XRP, SOLAvailable$30
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for Pakistan traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Pakistan traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for Pakistan traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — Pakistan Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for Pakistan
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes Pakistan Traders Make with IC Markets

  • Mistake: Not verifying the broker's license on ASIC's website before depositing. Always check AFSL 335692 on ASIC Connect to ensure the broker is legitimate.
  • Mistake: Using the Standard account instead of Raw Spread account for active trading. The Raw account offers much lower spreads, saving significant costs for frequent traders.
  • Mistake: Ignoring the Islamic account option. Muslim traders in Pakistan should request swap-free accounts to avoid interest charges, which can be done easily during registration.
🔍

IC Markets vs Competitors in Pakistan

BrokerMin DepositEUR/USDIslamicTradingViewScore
IC Markets (current)$2000.02 pipsYesNo3.6
Pepperstone$00.09 pipsYesYes4.9
Exness$100.10 pipsYesNo4.8
🔒

Security & Fund Protection — IC Markets

Yes

Segregated Funds

Client funds held separately from company funds
Yes

Negative Balance Protection

You cannot lose more than you deposit
Yes

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for Pakistan traders
IC Markets segregates all client funds and is regulated by top-tier authorities.

IC Markets User Reviews & Ratings

Trustpilot Rating

3.6
★★★★★
Based on 54,430 reviews
Read on Trustpilot

CompareBroker Expert Rating

3.6
★★★★★
Based on 50+ data points tested by our team
Independently verified

What traders love

+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support

Common complaints

- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
📰

IC Markets Latest News & Updates 2026

Platform
July 2026
IC Markets expands TradingView integration
IC Markets has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
IC Markets maintains top-tier regulatory status
IC Markets continues to hold its regulatory licenses, ensuring client fund protection for Pakistan traders.
Product
May 2026
New instruments added for Pakistan traders
IC Markets has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is IC Markets Worth It for Pakistan Traders?

3.6/5
★★★★★

IC Markets is a top-tier broker for experienced Pakistan traders who prioritize low spreads, fast execution, and high leverage. The availability of Islamic accounts and local payment methods like JazzCash and Easypaisa makes it accessible for Muslim traders. However, the $200 minimum deposit may be a hurdle for beginners, and the lack of SECP regulation means traders must trust international oversight. We recommend IC Markets for active traders, scalpers, and those using Expert Advisors (EAs). Beginners with smaller budgets may find lower minimum deposit brokers like Exness or FBS more suitable. Overall, IC Markets delivers professional trading conditions that can benefit Pakistan traders who meet the deposit requirement and understand the risks of high leverage. If you are an experienced trader looking for tight spreads and reliable execution, IC Markets is a solid choice.

Open IC Markets Account

FAQ — IC Markets for Pakistan Traders

Is IC Markets safe for Pakistan traders?+
How can I deposit money in IC Markets from Pakistan?+
Does IC Markets have Islamic account?+
What is the minimum deposit for IC Markets in Pakistan?+
What trading platforms does IC Markets offer?+
Is IC Markets regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
Open IC Markets Account
Regulated · Pakistan
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score3.6/5
RegulationASIC · CySEC
Min Deposit$200
Max Leverage5000
Founded2007
IslamicYes
TradingViewNo
MT4/MT5Both
Copy TradingNo
Similar Brokers
EX
Exness
Review
XM
XM Group
Review
OC
OctaFX
Review
HO
HotForex HFM
Review
FB
FBS
Review
Compare IC Markets
vs Pepperstonevs Exnessvs XM Group
More Pakistan broker guides
Brokers That Accept USDT/Crypto DepositsBrokers That Accept Skrill/NetellerBrokers With 24/7 Customer SupportBrokers With Live Chat SupportBrokers With Phone SupportBrokers With Economic Calendar ToolsBrokers With Trading SignalsBrokers With Free WebinarsBrokers With Negative Balance ProtectionBrokers With Segregated Client Funds
Related guides for Pakistan traders
Standard Account BrokersStock CFD BrokersIndices Trading BrokersCommodities Trading BrokersCrypto CFD BrokersReal Crypto Trading BrokersETF Trading BrokersFutures Trading BrokersBrokers That Accept PayPalBrokers That Accept Credit Card Deposits